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You are here: Home / Business / Deere income tops one billion in 4th quarter

Deere income tops one billion in 4th quarter

November 24, 2021 By Matt Kelley

Iowa’s largest manufacturing employer is issuing a stellar financial report, after just emerging from a major labor dispute.

Quad Cities-based John Deere reports 4th quarter net income of nearly $1.3 billion, compared to $757 million a year ago. Deere also shows its fiscal-year-end net income of almost $6 billion. That’s more than twice the $2.7 billion with which it ended the last fiscal year.

Last week, the UAW ended its 35-day strike against Deere and the new contract includes immediate 10% raises. Deere announced Tuesday all salaried workers are getting 8% raises.

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Filed Under: Agriculture, Business, News Tagged With: Employment and Labor

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